Fun fact: ๐Ÿ‡จ๐Ÿ‡ฆ issues student visas to anyone with a few bucks.

Hereโ€™s a quick thread on the hundreds of criminals that organized crime groups set up in ๐Ÿ‡จ๐Ÿ‡ฆ using student visas.

<thread> ๐Ÿงต๐Ÿ‘‡
2/ ๐Ÿ‡บ๐Ÿ‡ธโ€™s DEA claims El Chapo made $3m/day in ๐Ÿ‡จ๐Ÿ‡ฆ prior to his arrest, and they were surprised by how โ€œdeep infiltrationโ€ was.

His point man in ๐Ÿ‡จ๐Ÿ‡ฆ? Jesus Herrera Esperanza, aka Hondoโ€”a โ€œstudentโ€ in ๐Ÿ‡จ๐Ÿ‡ฆ. No one knows where Hondo is these days. Image
3/ One of the worldโ€™s most powerful gangsters is former TO resident Lawrence Bishnoiโ€”a 31 y/o that runs a global assassin & extortion networkโ€ฆ from prison for the past 10 years.

His empire is allegedly run by his #2โ€”Satinderjeet Singh, aka Goldy Brar. I wonder what he studied. Image
4/ speaking of Goldy Brar, two of his alleged associates arrived on student visas. Theyโ€™re accused of participating in the murder that caused a diplomatic row with India.

One got a visa faster than someone in ๐Ÿ‡จ๐Ÿ‡ฆ can get a license. Image
5/ itโ€™s not a secret. ๐Ÿ‡จ๐Ÿ‡ฆโ€™s border agency audited 300 students & found 10 were organized crime.

Considering the CBSA fails to identify notorious mobsters & war criminals, these 10 must have wrote โ€œgang stuffโ€ under purpose of visit to be identified. Image
6/ You know how ๐Ÿ‡จ๐Ÿ‡ฆ is considering pulling back on student visas because of the pressure on housing?

LOL. Nope! Itโ€™s because the CBSA testified that they realized back in 2018 that gangs were using student visas to send their members. Image
7/ to be fair, itโ€™s a general problem in ๐Ÿ‡จ๐Ÿ‡ฆ.

Back in the day, ๐Ÿ‡จ๐Ÿ‡ฆ used to be where organized crime heads would hide when they got in trouble to avoid scrutiny.

Word must have got out, because ๐Ÿ‡จ๐Ÿ‡ฆโ€™s now trying to catch 29k fugitivesโ€”300 considered immediate public danger. Image
8/ letโ€™s quickly circle back to the CBSA finding this out in 2018.

Thatโ€™s a lie. I know this because this is the index from a leaked CSIS report from 1996 on how the Triads are setting up in ๐Ÿ‡จ๐Ÿ‡ฆ.

Been bothering me for 10+ years nowโ€“even the leaks are missing this one section. Image

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More from @StephenPunwasi

Jun 26
Most people don't understand how interest rates, population growth, and immigration are related.

Let's fix that with a quick thread.

<thread> ๐Ÿงต๐Ÿ‘‡
2/ A central bank's purpose is to control the decay of money, aka inflation.

If inflation is low, they cut rates to stimulate consumption by lowering the cost of borrowing. Since debt is your future income used today, this creates demand w/the goal of overrunning supply.
3/ Pretty easy since they can cut rates a lot faster than supply chains can respond, which is the goal. They're trying to raise prices to drive inflation, after all.

The opposite is also true. They raise rates to slow inflation by delaying demand so there's excess supply.
Read 18 tweets
May 16
Families in ๐Ÿ‡จ๐Ÿ‡ฆ work *really* hard to survive.

Policymakers donโ€™t appreciate that fact, when theyโ€™re spending years of your labor with a stroke of a pen.

They spend so much, people have a hard time fully comprehending these numbers.

Letโ€™s put it in context.

<thread> ๐Ÿงต๐Ÿ‘‡
2/ I constantly hear politicians & their minions say, โ€œitโ€™s only a million/billion,โ€ like they made that last week at the race track.

In reality, the median household paid $9.3k in income taxes in 2022, and worked their ass off to do it.

How many had their cash incinerated?
3/ the widely acknowledged public failure known as ArriveCan cost at least $59.5m.

Itโ€™s the equivalent taxes paid by 6.4k median households that went to work for a whole year FFS.

This company wasnโ€™t vetted, but 107.5k median households went to work to pay them. Image
Read 15 tweets
May 5
People in ๐Ÿ‡จ๐Ÿ‡ฆ are historically very accepting of immigrants & the country's generous immigration policies.

Now they're sounding more split. Unfortunately, a lot of well-intended people are being exploited by predators to adopt their opinions.

<thread> ๐Ÿงต๐Ÿ‘‡
2/ Historically, ๐Ÿ‡จ๐Ÿ‡ฆ's post-war immigration policy was extremely successful. That's because it generally focused on people who were:

- hard-working: often only leaving their home due to political or economic downturns;

- talented: academics & skilled labor;
3/ ๐Ÿ‡จ๐Ÿ‡ฆ offered both groups the same thingโ€”a life where hard work will allow them a safe & secure future for them to have a family.

In exchange, ๐Ÿ‡จ๐Ÿ‡ฆ got an injection of productivity that helped its economy grow & drive the prosperity of everyone. Finding people against it was rare.
Read 17 tweets
Apr 21
Why is every politician discussing their aggressive plan for affordable housing?

โ€ฆ even the ones you know donโ€™t care about it?

Well, they hijacked the term and weaponized it against the people who need it. Hereโ€™s how.

<thread> ๐Ÿงต๐Ÿ‘‡
2/ in ๐Ÿ‡จ๐Ÿ‡ฆ, the term affordable housing now means a rental thatโ€™s 1/3 the median household income.

First off, a third of income isnโ€™t really affordable. A third of income is the max allowable payment a mortgage borrower can accept before theyโ€™re considered too risky of a payer.
3/ so, affordable really means the max a person can reliably pay without being a default risk in this case.

in Canada, it also means maximum regulatory leverage. That doesnโ€™t feel the same, does it?

Wait until you realize how that plays into distribution.
Read 9 tweets
Apr 17
Hoping for lower mortgage rates?

Central banks are saying the era of low rates are over & you might agree if you knew how we got there.

Let's talk about the 2008 Global Financial Crisis, your mortgage rate, and China. Seriously.

<thread> ๐Ÿงต๐Ÿ‘‡
2/ First off, it's important to remember interest rates are relative to inflation.

Inflation is different in every country but one currency influences them allโ€”the global reserve, aka the ๐Ÿ‡บ๐Ÿ‡ธ dollar.

The global reserve is extremely important for conducting trade.
3/ To avoid being paid with worthless money, when two countries conduct trade they use the global reserve.

As a result, global commodities are generally priced in USD, such as oil, steel, and lumber.

Ex: Oil prices can be flat but weaker $CAD leads to higher prices in ๐Ÿ‡จ๐Ÿ‡ฆ.
Read 15 tweets
Jan 24
About 80% of Singaporeโ€™s population is housed in public housing, but not the kind in the West.

Low income families & young couples to high income bankers and business people live in them.

Theyโ€™re incredibly affordable. How? Only citizens can live in them.

<thread> ๐Ÿงต๐Ÿ‘‡
2/ Singaporeโ€™s public housing scheme is run by its Housing & Development Board (HDB), and public housing is appropriately called HDB flats.

Rather than auctioning off all gov land to private companies, the gov develops the land and sells 99-year leases for the units.
3/ Since these are leasehold properties, with the government retaining ultimate control over the land.

The homes are traded in open market, and you can get a mortgage to buy them. Appreciation is slowed as the units approach the end of their life though.
Read 9 tweets

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